TORONTO, Ontario and BROSSARD, Québec, August 27, 2021 (GLOBE NEWSWIRE) – Bitfarms Ltd. (Nasdaq: BITF // TSXV: BITF), a publicly traded Bitcoin mining company that currently powers about 1.1% of the Bitcoin network with more than 99% green hydropower, today announced that its chief mining officer, Ben Gagnon, at the Benzinga Crypto Festival, which takes place virtually from August 31st to September 1st, 2021.
Mr. Gagnon will make his presentation on Wednesday, September 1 at 1:30 pm ET and will be part of a panel discussion titled “Opportunities for Profit in Crypto Mining: Present and Future” at 2:50 pm ET day.
Mr. Gagnon and other members of management will also be available for one-on-one discussions during the conference.
Investors can register for the presentation and panel discussion here: https://www.benzinga.com/events/crypto-fest/
We invite you to visit our website to learn more about Bitfarms and for a convenient link to watch the sessions at a later date. You can find the link under the Presentation & Events tab at: https://www.bitfarms.com/investors/
About Bitfarms Ltd.
Founded in 2017, Bitfarms is a bitcoin mining company that conducts vertically integrated mining operations with on-site technical repair, proprietary data analysis, and in-house electrical engineering and installation services to ensure high operational performance and uptime.
Bitfarms has shown rapid growth and excellent operations and was the first Bitcoin mining company to finalize its detailed prospectus with the Ontario Securities Commission and begin trading on the TSX-V in July 2019. On February 24, 2021, Bitfarms was honored to be announced as a Rising Star by the TSX-V. Bitfarms started trading on the Nasdaq exchange on June 21, 2021.
Bitfarms has a diversified manufacturing platform with five industrial-scale plants in Québec. Each system is operated over 99% with environmentally friendly hydropower and secured by long-term electricity contracts. Bitfarms is currently the only publicly traded pure mining company audited by a Big Four accounting firm.
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Trading in the Company’s securities should be viewed as highly speculative. No stock exchange, securities commission or other regulatory authority has approved or rejected the information contained herein. Neither the TSX Venture Exchange nor its regulator (as that term is defined in the policies of the TSX Venture Exchange), the Nasdaq or any other stock exchange or regulator assumes responsibility for the adequacy or accuracy of this press release.
This press release contains certain “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) based on expectations, estimates and projections as of the date of this press release. Certain statements in the virtual presentation and panel discussion regarding expectations regarding the future plans and goals of Bitfarms’ business are forward-looking information. Other forward-looking information includes, but is not limited to, information about: the Company’s intentions, plans and future actions, and Bitfarms’ ability to successfully mine digital currencies, increase revenue as currently expected, and the ability to profitably liquidate current and future holdings of digital currencies , Volatility of network difficulties and prices for digital currencies and the possible resulting significant negative effects on the operation of the company, the construction and operation of an extended blockchain infrastructure as currently planned and the regulatory environment for cryptocurrency in the respective legal systems.
All statements that contain discussions relating to predictions, expectations, beliefs, plans, projections, goals, assumptions, future events or performance (often, but not always, with phrases such as “expected” or “does not expect”, “is expected”, “Anticipates” or “does not expect”, “planet”, “budget”, “planned”, “forecast”, “estimates”, “believes” or “intends” or variations of such words and phrases or indicates that certain actions, Events or results “may” or “could”, “would”, “could” or “will” occur or be achieved) are not statements of historical fact and can be forward-looking information and seek to identify future information.
This forward-looking information is based on assumptions and estimates made by the company’s management at the time it was prepared and involves known and unknown risks, uncertainties and other factors that could cause the company’s actual results, performance or achievements to be materially affected by future results, Performance or accomplishments expressed or implied in such forward-looking information. These factors include, but are not limited to, risks related to: the global economic climate; Dilution; the company’s limited operational history; future capital requirements and uncertainty of additional financing; the competitive nature of the industry; Currency risks; the need for the company to manage its planned growth and expansion; the impact of product development and the need for continuous technology change; Protection of property rights; the impact of government regulation and compliance on the company and the industry; Network security risks; the company’s ability to maintain properly functioning systems; Dependence on key personnel; global economic and financial market deterioration that hinders access to capital or increases the cost of capital; and volatile securities markets that affect securities prices regardless of operating performance. Specific factors that could affect future results of Bitfarms’ business include, but are not limited to: the blockchain infrastructure may not be built and operated as currently planned or at all; the expansion may not take place or not at all as currently expected; the digital currency market; the ability to successfully mine digital currencies; revenue may not increase or not increase as currently expected; it may not be possible, or not possible at all, to liquidate the current holdings of digital currencies profitably; a fall in digital currency prices can have a material adverse effect on operations; an increase in network difficulties can have a significant negative impact on operations; the volatility of digital currency prices; the expected growth and sustainability of hydropower for the purpose of cryptocurrency mining in the respective jurisdictions, the ability to complete current and future financing, any regulations or laws that prevent Bitfarms from conducting its business; historical prices of digital currencies and the ability to mine digital currencies that match historical prices; the inability to predict and counteract the impact of COVID-19 on the company’s business, including, but not limited to, the impact of COVID-19 on the price of digital currencies, capital market conditions, labor constraints, and international travel and supply chains; and adopting or extending regulations or laws that prevent Bitfarms from doing their business or making it more costly. For more information about these and other risks and uncertainties, please see the company’s filings at www.SEDAR.com, including the Annual Information Form for the year ended December 31, 2020, filed on April 7, 2021. The Company also expects that no material events occur outside of the normal course of business of Bitfarms. While the company has attempted to identify important factors that could cause actual results to differ materially from those expressed in forward-looking statements, other factors could cause results not to be expected, estimates or intentions. There can be no assurance that these statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers are cautioned not to place undue reliance on forward-looking information. The company assumes no obligation to revise or update any forward-looking information unless required by law.
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Jules Abraham, public relations director
Mia Grodsky, Account Executive
Ryan Public Affairs
Valérie Pomerleau, Public Affairs and Communication